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John S. Walton Educational Foundation

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The John S. Walton Educational Foundation is proud to offer scholarships to full-time students pursuing higher education through Texas Tech University, Lubbock Christian Univeristy, Wayland Baptist Univeristy and South Plains College. Scholarships are awarded at the discretion of the Trustees of the foundation. Applicants must be recommended by a REALTOR member of the LAR.  Additional information can be found in the  pdf The Application Applications must be submitted by April 30, 2017. 

About the foundation: The foundation is funded through the generosity of the Lubbock Association of REALTORS, its members and outside donations.  It was established in 1981 during Mr. Walton's year as President of the Lubbock Association of REALTORS as simply, the Lubbock Association of REALTORS Education Foundation. The Trustees of the Foundation saw fit to rename it in 2016 in memory and honor of Mr. Walton.  Mr. Walton, a 40 year REALTOR Emeritus member of the association, dedicated countless hours of service to the Lubbock, Texas and National Association of REALTORS. He served as the President of the Lubbock Association of REALTORS in 1981, President of the Texas Association of REALTORS in 1999, and was appointed to the Texas Real Estate Commission by Governor Rick Perry from 2001 to 2007. He was appointed as Chairman of the Commission by Governor Perry in 2004. Mr. Walton loved this community and the REALTOR profession and the foundation strives to honor his legacy. 

2017 May Lubbock Area Housing Report

  Home sales bounce back, rise in May 2017

June 24, 2017 – Sales were positive again in May 2017 after a dip in April. The Lubbock Area Housing Market Report shows that sales increased 6.6% in May with 418 homes sold.  Home prices increased a modest 1.3% compared to May 2016, with the median price for Lubbock area homes being $155,000.

Lubbock remains a strong seller's market in most price ranges.  The number of active listings on the market saw a small increase of 1.5% compared to May 2016, with 829 active listings. Even with the increase in the number of active listings, monthly housing inventory decreased from 2.6 months in May 2016 to 2.5 months in May 2017. The Real Estate Center at Texas A&M University cites that 6.5 months of inventory represents a market in which supply and demand for homes is balanced. Months invetory is defined as the number of active listings divided by the average sales per month of the prior 12 months. Lubbock's home invetory has not been more than 3 months since November 2014.  Buyers should be prepared to act quickly and expect to make full-price offers with little to no concessions, depending on the price range and specific location. 

Homes spent an average of 74 days on the market in May 2017, three days less than in May of last year.

May 2017 Statistics At-A-Glance

  • 418 – Homes sold in May 2017, 6.6% more than May 2016.
  • $155,000 – Median home sales price, an incrase of 1.3% compared to May 2016.
  • 829 – Active home listings on the market in May 2017, up 1.5% compared to May 2016.
  • 2.5 – Monthly housing inventory in May 2017, down slightly from May 2016.
  • 74 – Average number of days homes spent on the market in May 2017, 3 days less compared to May 2016.
  • pdf 2017 May Infographic (372 KB)

The Lubbock area is back on track for a strong summer selling season. Contact your Lubbock REALTOR® to find out the specifics of your neighborhood. Local REALTORS® have access to the best information to help you.

About the Lubbock Association of REALTORS®

The Lubbock Association of REALTORS® and its 1,000+ members are committed to serving the Lubbock area by promoting REALTOR® integrity while advocating for private property rights and ownership.

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2017 April Lubbock Area Housing Report

  Home sales dip but prices rise in April 2017

May 20, 2017 – The April 2017 Lubbock Area Housing Market Report shows that Lubbock area home sales decreased 14.6% in April 2017 with 316 homes sold.  Though home sales saw a dip, home prices increased 6.2% compared to April 2016, with the median price for Lubbock area homes being $164,000.

Lubbock contines to be a strong seller's market in most price ranges.  The number of active listings on the market decreased 5.7% compared to April 2016 with 740 active listings. Monthly housing inventory remained in the 2 month range at 2.3 months in April 2017, down slightly from 2.5 months in April 2016. The Real Estate Center at Texas A&M University cites that 6.5 months of inventory represents a market in which supply and demand for homes is balanced. Months invetory is defined as the number of active listings divided by the average sales per month of the prior 12 months. Lubbock's home invetory has not been more than 3 months since November 2014.  Buyers should be prepared to act quickly and expect to make full-price offers with little to no concessions, depending on the price range and specific location. 

Homes spent an average of just 70 days on the market, almost two weeks less than in April of last year.

April 2017 Statistics At-A-Glance

  • 316 – Homes sold in April 2017, 14.6% less than April 2016.
  • $164,000 – Median home sales price, up 6.2% compared to April 2016.
  • 2.3 – Monthly housing inventory in April 2017, down slightly from April 2016.
  • 70 – Average number of days homes spent on the market in April 2017, 13 days less compared to April 2016.
  • 740 – Active home listings on the market in April 2017, down 5.7% compared to April 2016.
  • pdf 2017 April Infographic (372 KB)

The real estate market is one of the best indicators of how the economy is doing and although April posted a down month for sales, all other indicators point to another strong summer selling season. Contact your Lubbock REALTOR® to find out the specifics of your neighborhood. Local REALTORS® have access to the best information about the market.

About the Lubbock Association of REALTORS®

Lubbock REALTORS®, alongside REALTORS® throughout Texas, work daily during the Texas legislative session to make sure Texas remains one of the strongest housing markets in the nation, protect the right of private-property owners, keep homeownership affordable, and promote public policies that benefit homeowners.  The Lubbock Association of REALTORS® and its 1,000+ members are committed to serving the Lubbock area by promoting REALTOR® integrity while advocating for private property rights and ownership.

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Realtor Day at the Texas Capitol

Lubbock Association of Realtors Members Visit Texas Capitol to Advocate for Texas Real Estate Consumers

AUSTIN - April 11, 2017 - Members of the Lubbock Association of Realtors were among more than 2,500 Texas Realtors who participated in Realtor Day at the Texas Capitol on April 4, 2017.

The event provides an opportunity for lawmakers to meet with Realtors from their home districts during the legislative session to discuss issues critical to Texas real estate.

"Lubbock Association of Realtors members had productive meetings with lawmakers who represent us in the Texas legislature," said Jef Conn, 2017 President of the LAR.

"We look forward to continuing to educate lawmakers about issues important to Texas real estate consumers and private-property rights."

During the meetings, Realtors advocated for several legislative priorities, including reforming the property tax process to add honesty and transparency to the local tax-rate setting process, maintaining the current title insurance system, and modernizing the home-equity lending process in the Texas Consitution.

Lubbock Association of Realtors members had productive meetings with Represenatives John Frullo, Representative Dustin Burrows staff and the staff of State Senator Charles Perry.

About the Texas Association of REALTORS®

With more than 110,000 members, the Texas Association of REALTORS is a professional membership organization that represents all aspects of real estate in Texas. We advocate on behalf of Texas REALTORS and private-property owners to keep homeownership affordable, protect private-property rights, and promote public policies that benefit homeowners. Visit texasrealestate.com to learn more. 

2017 March Lubbock Area Housing Report

 Positive month for sales and prices in March 2017

April 10, 2017 – This week, we released the March 2017 Lubbock Area Housing Market Report. Here are our findings: Lubbock area home sales increased 6.1% in March 2017 with 368 homes sold.  Home prices increased 3% compared to March 2016, with the median price for Lubbock area homes being $149,750.

Lubbock contines to be a strong seller's market in most price ranges.  The number of active listings on the market decreased slightly (0.1%) from March 2016 with 780 active listings. Monthly housing inventory remained in the 2 month range at 2.4 months in March 2017, down from 2.5 months in March 2016. The Real Estate Center at Texas A&M University cites that 6.5 months of inventory represents a market in which supply and demand for homes is balanced. Months invetory is defined as the number of active listings divided by the average sales per month of the prior 12 months. Lubbock's home invetory has not been more than 3 months since November 2014.  Buyers should be prepared to act quickly and expect to make full-price offers with little to no concessions, depending on the price range and specific location. 

Homes spent an average of 87 days on the market, 5 days less than March 2016. 

March 2017 Statistics At-A-Glance

  • 368 – Homes sold in March 2017, 6.1% more than March 2016.
  • $149,750 – Median home sales price, up 3.3% compared to March 2016.
  • 2.4 – Monthly housing inventory in March 2017, down slightly from March 2016.
  • 87 – Average number of days homes spent on the market in March 2017, 5 days less compared to March 2016.
  • 780 – Active home listings on the market in March 2017, down 0.1% compared to March 2016.
  • pdf   2017 March Infographic

The real estate market is one of the best indicators of how the economy is doing and Lubbock's real estate market is strong. As such, the demand for Lubbock real estate remains strong and enduring. Local REALTORS® are the best source for information about the market.

About the Lubbock Association of REALTORS®

Lubbock REALTORS®, alongside REALTORS® throughout Texas, work daily during the Texas legislative session to make sure Texas remains one of the strongest housing markets in the nation, protect the right of private-property owners, keep homeownership affordable, and promote public policies that benefit homeowners.  The Lubbock Association of REALTORS® and its 1,000+ members are committed to serving the Lubbock area by promoting REALTOR® integrity while advocating for private property rights and ownership.

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